Lending Loan auto creating Balance Adjustment entries
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Dave Lebherz
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The Lending Loan, I loaned the funds and manage the payment schedule and payment processing using Quicken (splits principal and interest). On 6/24/2023 the load was established. The first payment is due on 9/8/2023. All is well.
On 8/8/2023 a balance adjustment entry was created for twice the value of the loan. This decreased my Net Worth by 2x the loan value.
On 8/9/2023 an opening balance entry was created for the loan amount.
On 8/9/2023 a Balance adjustment entry was created for the loan amount.
My overall Net Worth was again correct.
I did not create the 8/8 or either 8/9 entries. I discussed with Quicken support who recommended I delete all 3 entries. That said, anyone else running into a similar scenario?
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